Betonmarkets.com Morning Report (28th August 08)

Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

The FTSE currently indicates a flat open, as there is no economic data to help the traders determine where the FTSE is headed next. Today's trading could be influenced by the data that is released in Europe and US, especially the European consumer confidence report. Look for a quiet day, as most traders are going to be taking off early to enjoy the last weekend of summer.

Oil traders felt like they just took a roller-coaster ride yesterday. Oil finished down almost 3 dollars per barrel and at one point was trading below the 115 dollar mark. We suggest for traders to stay out of the oil market until after the weekend, as hurricane Gustav is unpredictable.

Predicted opens as of 06:00 GMT
FTSE: 5606.4 (+5.9)
CAC: 4460.2 (+0.9)
DAX 6422.8 (+4.3)
DOW: 11671(-26)
S&P 500: 1294.78 (-2.75)
Gold: 834.9 (+2.9)
Oil: 116.81 (+1.32)

Contacts:

Dave Evans: 0208 977 8381/ Dave@regentmarkets.com
Michael Wright: 00 356 21316105 / Michael@regentmarkets.com

BetOnMarkets.com is the worlds leading fixed odds financial trading website. Since inception in 2000 it has processed over 15 million trades on financial indices, UK and US equities, gold and currencies. Over 130,000 clients have the ability to place trades from £1 to £25,000.